The following tables contain demographic information of SMSFs, as well as individual members, as at 30 June 2016. They also include a more detailed analysis of asset allocation of SMSFs, as well as estimates of the total amount of ‘flows’ into and out of SMSFs. These tables are updated on an annual basis, when the June quarter updates are published.
Tables on this page:
- asset allocation by asset value of the fund
- membership sizes (SMSFs with one, two, three or four members)
- demographics (state break-up of SMSFs, members and assets)
- member demographics (age and income of members)
- total asset ranges (distribution of SMSFs by asset size and total assets held by SMSFs in each asset range) average and median assets (per member and per SMSF)
- flow of funds (contributions, transfers, benefits and expenses)
- To view figures from before 2012, refer to historical data.
Asset allocation by asset value of the fund table
This table contains the approximate distribution of assets held by SMSFs of different sizes, based on total fund assets. These tables are based on actual return data for the 2012 through to 2015 financial years.
The data is provided by SMSFs reporting their financial position as at 30 June of the relevant financial year.
The data was extracted on 12 July 2016.
2012 |
$1- |
>$50- |
>$100- |
>$200- |
>$500k |
>$1- |
>$2- |
>$5- |
>$10m |
|---|---|---|---|---|---|---|---|---|---|
Listed trusts |
1.79% |
2.41% |
3.21% |
3.78% |
3.85% |
3.50% |
3.30% |
3.05% |
2.34% |
Unlisted trusts |
2.45% |
4.01% |
5.67% |
6.60% |
6.95% |
7.90% |
9.48% |
12.61% |
15.71% |
Insurance policy |
0.05% |
0.07% |
0.04% |
0.03% |
0.03% |
0.04% |
0.05% |
0.05% |
0.01% |
Other managed investments |
1.95% |
2.69% |
3.72% |
4.38% |
4.50% |
4.37% |
4.19% |
4.24% |
3.66% |
Cash and term deposits |
54.82% |
49.62% |
45.35% |
37.15% |
34.65% |
33.12% |
29.98% |
25.93% |
22.94% |
Debt securities |
0.15% |
0.21% |
0.32% |
0.55% |
0.76% |
0.84% |
0.93% |
1.08% |
1.13% |
Loans |
2.11% |
2.09% |
1.47% |
0.81% |
0.55% |
0.61% |
0.63% |
0.98% |
1.75% |
Listed shares |
22.45% |
25.29% |
26.56% |
27.46% |
27.76% |
27.96% |
27.92% |
27.89% |
27.05% |
Unlisted shares |
1.90% |
2.21% |
1.71% |
1.12% |
0.94% |
0.96% |
1.19% |
1.66% |
2.52% |
Limited recourse borrowing arrangements |
0.05% |
0.17% |
0.36% |
0.88% |
0.70% |
0.50% |
0.40% |
0.57% |
1.41% |
Non-residential real property |
0.68% |
1.74% |
3.64% |
8.12% |
10.86% |
12.68% |
14.75% |
15.37% |
13.79% |
Residential real property |
0.45% |
1.00% |
1.81% |
4.85% |
5.05% |
4.17% |
3.52% |
2.38% |
1.63% |
Collectables and personal use assets |
0.71% |
0.66% |
0.48% |
0.22% |
0.14% |
0.12% |
0.09% |
0.09% |
0.10% |
Other assets |
9.40% |
6.53% |
4.66% |
3.26% |
2.60% |
2.53% |
2.74% |
3.03% |
3.88% |
Overseas |
0.39% |
0.37% |
0.34% |
0.28% |
0.23% |
0.24% |
0.33% |
0.52% |
1.10% |
Overseas |
0.06% |
0.07% |
0.04% |
0.03% |
0.02% |
0.02% |
0.02% |
0.03% |
0.04% |
Overseas residential real property |
0.12% |
0.23% |
0.14% |
0.09% |
0.05% |
0.04% |
0.02% |
0.02% |
0.02% |
Overseas |
0.05% |
0.07% |
0.05% |
0.05% |
0.05% |
0.07% |
0.07% |
0.10% |
0.15% |
Other overseas assets |
0.42% |
0.57% |
0.44% |
0.35% |
0.32% |
0.34% |
0.37% |
0.42% |
0.78% |
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
2013 |
$1- |
>$50- |
>$100- |
>$200- |
>$500k |
>$1- |
>$2- |
>$5- |
>$10m |
|---|---|---|---|---|---|---|---|---|---|
Listed trusts |
1.64% |
2.06% |
2.73% |
3.65% |
3.98% |
3.81% |
3.43% |
3.12% |
2.32% |
Unlisted trusts |
2.30% |
3.97% |
5.42% |
6.14% |
6.72% |
7.80% |
9.37% |
12.12% |
16.02% |
Insurance policy |
0.02% |
0.04% |
0.03% |
0.03% |
0.03% |
0.05% |
0.04% |
0.04% |
0.01% |
Other managed investments |
1.29% |
2.22% |
3.03% |
4.10% |
4.47% |
4.61% |
4.52% |
4.47% |
4.42% |
Cash and term deposits |
54.91% |
51.05% |
48.66% |
37.04% |
33.07% |
31.14% |
27.82% |
23.98% |
19.92% |
Debt securities |
0.14% |
0.18% |
0.29% |
0.51% |
0.76% |
0.95% |
1.07% |
1.28% |
1.56% |
Loans |
1.98% |
2.20% |
1.55% |
0.80% |
0.55% |
0.56% |
0.61% |
0.86% |
1.70% |
Listed shares |
21.63% |
23.19% |
23.98% |
26.22% |
28.10% |
29.78% |
30.63% |
30.87% |
28.73% |
Unlisted shares |
1.96% |
2.26% |
1.69% |
1.04% |
0.85% |
0.86% |
1.02% |
1.45% |
2.34% |
Limited recourse borrowing arrangements |
0.11% |
0.33% |
0.68% |
3.36% |
2.81% |
1.50% |
1.14% |
1.41% |
3.11% |
Non-residential real property |
0.86% |
1.78% |
3.71% |
8.19% |
10.38% |
11.80% |
13.60% |
13.87% |
12.63% |
Residential real property |
0.67% |
1.22% |
1.93% |
4.84% |
5.00% |
3.92% |
3.27% |
2.31% |
1.62% |
Collectables and personal use assets |
0.62% |
0.71% |
0.42% |
0.20% |
0.12% |
0.09% |
0.07% |
0.07% |
0.05% |
Other assets |
10.77% |
7.37% |
4.76% |
3.04% |
2.46% |
2.37% |
2.49% |
2.83% |
3.43% |
Overseas shares |
0.44% |
0.45% |
0.36% |
0.32% |
0.27% |
0.29% |
0.39% |
0.61% |
1.12% |
Overseas |
0.06% |
0.09% |
0.04% |
0.03% |
0.01% |
0.01% |
0.02% |
0.02% |
0.10% |
Overseas residential real property |
0.11% |
0.26% |
0.24% |
0.11% |
0.05% |
0.04% |
0.02% |
0.01% |
0.02% |
Overseas managed investments |
0.03% |
0.05% |
0.05% |
0.04% |
0.05% |
0.07% |
0.08% |
0.14% |
0.18% |
Other overseas assets |
0.45% |
0.57% |
0.43% |
0.35% |
0.31% |
0.34% |
0.41% |
0.53% |
0.73% |
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
2014 |
$1- |
>$50- |
>$100- |
>$200- |
>$500k |
>$1- |
>$2- |
>$5- |
>$10m |
|---|---|---|---|---|---|---|---|---|---|
Listed trusts |
1.53% |
1.97% |
2.55% |
3.64% |
4.04% |
4.13% |
3.91% |
3.55% |
2.63% |
Unlisted trusts |
2.36% |
4.07% |
5.53% |
6.15% |
6.82% |
7.96% |
9.45% |
11.98% |
15.50% |
Insurance policy |
0.01% |
0.03% |
0.03% |
0.02% |
0.02% |
0.03% |
0.04% |
0.03% |
0.01% |
Other managed investments |
1.28% |
1.97% |
2.76% |
3.94% |
4.56% |
4.81% |
4.81% |
4.84% |
4.64% |
Cash and term deposits |
55.52% |
51.59% |
48.68% |
35.18% |
30.58% |
28.69% |
25.37% |
21.38% |
16.60% |
Debt securities |
0.14% |
0.19% |
0.28% |
0.54% |
0.84% |
1.10% |
1.33% |
1.55% |
1.80% |
Loans |
1.81% |
2.11% |
1.48% |
0.71% |
0.48% |
0.51% |
0.54% |
0.83% |
1.74% |
Listed shares |
20.22% |
21.91% |
23.43% |
25.72% |
28.41% |
31.29% |
32.69% |
33.34% |
31.69% |
Unlisted shares |
2.07% |
2.32% |
1.84% |
0.99% |
0.74% |
0.76% |
0.96% |
1.35% |
2.25% |
Limited recourse borrowing arrangements |
0.34% |
0.75% |
1.20% |
5.60% |
4.74% |
2.42% |
1.68% |
2.02% |
4.24% |
Non-residential real property |
0.95% |
1.91% |
3.69% |
8.24% |
10.15% |
11.16% |
12.54% |
12.78% |
11.73% |
Residential real property |
1.12% |
1.58% |
2.12% |
5.29% |
5.45% |
4.04% |
3.28% |
2.35% |
1.41% |
Collectables and personal use assets |
0.65% |
0.57% |
0.39% |
0.17% |
0.09% |
0.07% |
0.06% |
0.05% |
0.04% |
Other assets |
10.79% |
7.61% |
4.86% |
3.02% |
2.44% |
2.36% |
2.48% |
2.75% |
3.56% |
Overseas shares |
0.38% |
0.35% |
0.32% |
0.24% |
0.20% |
0.22% |
0.34% |
0.50% |
0.89% |
Overseas |
0.10% |
0.06% |
0.06% |
0.03% |
0.02% |
0.01% |
0.01% |
0.02% |
0.08% |
Overseas residential real property |
0.22% |
0.27% |
0.29% |
0.12% |
0.05% |
0.04% |
0.03% |
0.01% |
0.00% |
Overseas managed investments |
0.06% |
0.06% |
0.05% |
0.05% |
0.06% |
0.06% |
0.08% |
0.14% |
0.29% |
Other overseas assets |
0.45% |
0.68% |
0.44% |
0.35% |
0.31% |
0.34% |
0.40% |
0.51% |
0.90% |
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Membership sizes table
This table contains an approximate distribution of the number of members in SMSFs as at the end of each financial year for the 2012 through to the 2015 years. These figures are based on SMSF annual return data.
The data was extracted on 12 July 2016.
Number of members |
2011–12 |
2012–13 |
2013–14 |
2014–15 |
|---|---|---|---|---|
1 |
22.8% |
22.6% |
22.6% |
22.7% |
2 |
68.8% |
69.2% |
69.5% |
69.8% |
3 |
4.1% |
4.0% |
3.8% |
3.7% |
4 |
4.3% |
4.2% |
4.1% |
3.9% |
Demographic table
This table contains estimates of the proportion of funds, members and assets located across the different states and territories of Australia.
'State' refers to the state or territory that the fund is administered, not necessarily where the members live.
These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.
The data was extracted on 12 July 2016.
State |
2011–12 |
2012–13 |
2013–14 |
2014–15 |
|---|---|---|---|---|
ACT |
1.8% |
1.8% |
1.9% |
1.7% |
NSW |
31.8% |
32.0% |
32.5% |
32.7% |
NT |
0.2% |
0.2% |
0.2% |
0.2% |
QLD |
16.6% |
16.4% |
16.3% |
16.6% |
SA |
7.1% |
7.2% |
7.1% |
7.1% |
TAS |
1.4% |
1.4% |
1.4% |
1.3% |
VIC |
30.6% |
30.8% |
30.6% |
30.4% |
WA |
10.4% |
10.3% |
10.1% |
9.9% |
State |
2011–12 |
2012–13 |
2013–14 |
2014–15 |
|---|---|---|---|---|
ACT |
1.8% |
1.8% |
1.9% |
1.7% |
NSW |
31.9% |
32.0% |
32.6% |
32.8% |
NT |
0.2% |
0.2% |
0.2% |
0.2% |
QLD |
16.6% |
16.4% |
16.3% |
16.6% |
SA |
7.2% |
7.2% |
7.1% |
7.1% |
TAS |
1.4% |
1.4% |
1.4% |
1.3% |
VIC |
30.5% |
30.7% |
30.5% |
30.4% |
WA |
10.4% |
10.3% |
10.1% |
10.0% |
State |
2011–12 |
2012–13 |
2013–14 |
2014–15 |
|---|---|---|---|---|
ACT |
1.8% |
1.8% |
1.9% |
1.8% |
NSW |
32.3% |
32.6% |
33.4% |
34.3% |
NT |
0.2% |
0.2% |
0.2% |
0.2% |
QLD |
16.4% |
16.1% |
15.7% |
15.8% |
SA |
7.2% |
7.3% |
7.3% |
7.2% |
TAS |
1.3% |
1.3% |
1.2% |
1.2% |
VIC |
30.8% |
31.1% |
30.8% |
30.3% |
WA |
10.1% |
9.7% |
9.5% |
9.3% |
Member demographic table – age ranges
This table contains an approximate age distribution of individuals who were members of SMSFs as at the end of June 2016. The data behind this table was extracted on 12 July 2016 and is an estimate based on Australian Business Register (ABR) data.
Member demographic table – age ranges
Age ranges |
Male |
Female |
Total |
|---|---|---|---|
<25 |
0.7% |
0.7% |
0.7% |
25–34 |
3.9% |
4.1% |
4.0% |
35–44 |
12.2% |
13.5% |
12.8% |
45–49 |
10.0% |
11.1% |
10.5% |
50–54 |
11.8% |
12.7% |
12.3% |
55–59 |
13.5% |
14.3% |
13.9% |
60–64 |
13.7% |
14.4% |
14.1% |
65–69 |
14.3% |
13.9% |
14.2% |
70–74 |
10.3% |
8.8% |
9.6% |
75–84 |
8.4% |
5.9% |
7.2% |
85+ |
1.1% |
0.6% |
0.9% |
Unknown |
0.0% |
0.0% |
0.0% |
Total |
100% |
100% |
100% |
All ages |
52.6% |
47.4% |
100% |
Member demographic table – income ranges
This table contains an approximate distribution of the taxable income of individuals who were SMSF members as at the end of June 2016. The data was extracted on 12 July 2016 and is an estimate based on ABR data and the member’s most recently lodged personal tax return.
Income ranges |
Male |
Female |
Total |
|---|---|---|---|
$0–$20,000 |
18.5% |
25.4% |
21.8% |
>$20,000–$40,000 |
16.2% |
21.5% |
18.7% |
>$40,000–$60,000 |
11.4% |
14.3% |
12.8% |
>$60,000–$80,000 |
11.1% |
11.0% |
11.1% |
>$80,000–$100,000 |
8.6% |
7.2% |
7.9% |
>$100,000–$150,000 |
12.2% |
7.6% |
10.0% |
>$150,000–$200,000 |
7.4% |
4.5% |
6.0% |
>$200,000–$500,000 |
8.3% |
3.6% |
6.1% |
>$500,000 |
2.6% |
0.8% |
1.7% |
Unknown |
3.8% |
4.1% |
3.9% |
Total |
100% |
100% |
100% |
Total asset range tables
These tables show an approximate distribution of SMSFs by asset size and of the assets held by SMSFs of different sizes as at the end of each financial year.
These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.
The data was extracted on 12 July 2016.
Asset ranges |
2011–12 |
2012–13 |
2013–14 |
2014–15 |
|---|---|---|---|---|
$1–$50,000 |
7.5% |
7.4% |
6.7% |
6.1% |
>$50,000–$100,000 |
6.0% |
5.5% |
4.8% |
4.1% |
>$100,000–$200,000 |
11.6% |
10.9% |
10.0% |
8.9% |
>$200,000–$500,000 |
25.5% |
24.8% |
24.2% |
23.7% |
>$500,000–$1m |
22.7% |
22.8% |
23.4% |
24.2% |
>$1m–$2m |
16.3% |
17.0% |
17.9% |
18.8% |
>$2m–$5m |
8.7% |
9.6% |
10.5% |
11.4% |
>$5m–$10m |
1.5% |
1.8% |
2.1% |
2.3% |
>$10m |
0.3% |
0.4% |
0.5% |
0.5% |
Total |
100% |
100% |
100% |
100% |
Average and median assets table ($)
This table approximates the average and median assets per SMSF member and per SMSF at the end of each financial year.
These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.
The data was extracted on 12 July 2016.
Asset values |
2011–12 |
2012–13 |
2013–14 |
2014–15 |
|---|---|---|---|---|
Average assets per member |
475,698 |
510,136 |
551,217 |
589,636 |
Median assets per member |
275,313 |
299,407 |
325,542 |
354,882 |
Average assets per SMSF |
902,917 |
968,139 |
1,043,812 |
1,111,732 |
Median assets per SMSF |
493,348 |
535,274 |
581,710 |
631,077 |
Flow of funds table ($m)
This table shows estimates of the total amount of ‘flows’ into and out of SMSFs during each financial year. It contains totals relating to the following:
- contributions – member and employer
- transfers – inward and outward
- benefits payments
- total expenses.
The 'total expenses' referred to in this table include deductible and non-deductible expenses reported at the following SMSF annual return labels:
- interest expenses within Australia
- interest expenses overseas
- insurance premiums – members
- SMSF auditor fee
- investment expenses
- management and administration expenses
- forestry managed investment scheme expense
- other amounts.
Prior SMSF statistical reports referred to these as 'operating expenses'. We now refer to them as 'total expenses' with the same expense items used. In future editions of this report, we will provide a further breakdown of total expenses into 'investment expenses' and 'administration and operating expenses'.
These figures are estimates based on SMSF annual return data for the 2012 to 2015 financial years.
The data was extracted on 12 July 2016.
|
Contributions ($m) |
Transfers ($m) |
Benefit payments ($m) |
Total expenses ($m) |
||
|---|---|---|---|---|---|---|
Member contributions |
Employer contributions |
Inward transfers |
Outward transfers |
|||
2011–12 |
19,168 |
7,500 |
16,051 |
3,794 |
22,656 |
2,713 |
2012–13 |
18,057 |
5,460 |
16,648 |
4,285 |
25,678 |
4,790 |
2013–14 |
19,891 |
6,068 |
15,364 |
5,136 |
29,898 |
5,539 |
2014–15 |
25,920 |
6,930 |
15,561 |
5,694 |
34,986 |
6,286 |